Thin Credit Card
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what is Secured credit card?
Hi
What is secured credit card ?
I have very average Credit history i.e. i have a Thin file.
I want to add one more credit line, shall i apply for a Secured credit card ?
Thanks
Under a secured credit arrangement, the debtor places funds on deposit with the bank or other financial institution. The lender then allows the debtor to make credit card purchases from 90% to 150% of the amount placed on deposit - depending upon the individual circumstances. This arrangement enables people with poor credit records to have the convenience of having a credit card, while assuring the lender that there is a source of money from which the obligation will be paid.


US $7.95


















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